Published Monday, October 01, 2012

Bonnell Company acquires AACOA

From Staff Reports

news@newnan.com

Longtime Newnan industry William L Bonnell Co., which has its plant off Temple Avenue, has acquired another leading manufacturer of aluminum extrusions.

Bonnell parent company, the Richmond, Va.-based Tredegar Corporation, announced Monday that its subsidiary, The William L. Bonnell Company, Inc. has acquired 100 percent ownership of AACOA, Inc., a leading manufacturer of aluminum extrusions in North America.

The approximate purchase price of $50.8 million was funded using financing under Tredegar’s existing $350 million credit facility. Tredegar expects the acquisition to be accretive in the first year following the acquisition.

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